ABSA GROUP LIMITED - FURTHER CAUTIONARY ANNOUNCEMENT
ABSA GROUP LIMITED
(Incorporated in the Republic of South Africa)
(Registration number: 1986/003934/06)
(`Absa`)
JSE CODE: ASA
Issuer code: AMAGB
ISIN CODE: ZAE000013389
FURTHER CAUTIONARY ANNOUNCEMENT
Shareholders are referred to the cautionary announcements which were released on
SENS on 23 September 2004 and 4 November 2004 regarding discussions of a
possible acquisition of a majority stake in Absa by Barclays.
Shareholders are advised that these discussions have progressed well between
Absa and Barclays and also with the major shareholders of Absa. The due
diligence is complete and progress has been made in advancing discussions with
the appropriate regulatory authority, although no formal application has yet
been made.
Shareholders should be aware that the price at which any formal offer may be
made may or may not be at a premium to the current market price bearing in mind
the significant rise in Absa`s share price since the start of discussions
regarding a possible offer.
Accordingly, shareholders are advised to continue exercising caution when
dealing in Absa securities until a further announcement is made.
Johannesburg
22 November 2004
Financial advisors
Goldman Sachs International
Merrill Lynch International
Absa Corporate and Merchant Bank
Legal advisors
Webber Wentzel Bowens
Lead sponsor
Merrill Lynch South Africa (Pty) Limited
Co-sponsor
Absa Corporate and Merchant Bank
Profile Group (Pty) Ltd. has taken care in preparing all information on this website, but does not accept any liability for errors or out-of-date information.
